Japan Atomic Power won’t recruit class of 2014

Japan Atomic Power Co. has decided not to hire any new graduates in spring 2014 because its earnings are slumping along with the nationwide reactor suspensions, informed sources said.

The specialized nuclear power utility plans to receive debt guarantees and other financing from major utilities that have stakes in it. But the company is facing an uncertain future because of new regulatory hurdles preventing it from restarting a pair of reactors at its Tsuruga plant in Fukui Prefecture that are sitting on what is suspected to be an active fault.